Analysts Set FirstService Co. (NASDAQ:FSV) Price Target at $201.67

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $201.67.

A number of research firms recently commented on FSV. Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSV. State of New Jersey Common Pension Fund D boosted its stake in shares of FirstService by 121.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 8,380 shares of the financial services provider’s stock worth $1,529,000 after purchasing an additional 4,595 shares during the period. Metis Global Partners LLC bought a new stake in FirstService in the third quarter worth about $227,000. Empowered Funds LLC boosted its position in shares of FirstService by 24.8% during the third quarter. Empowered Funds LLC now owns 9,732 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 1,935 shares during the period. Natixis Advisors LLC grew its stake in shares of FirstService by 4.7% during the third quarter. Natixis Advisors LLC now owns 23,812 shares of the financial services provider’s stock valued at $4,345,000 after buying an additional 1,068 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of FirstService by 0.8% in the third quarter. Swiss National Bank now owns 122,500 shares of the financial services provider’s stock worth $22,418,000 after buying an additional 1,000 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Performance

Shares of NASDAQ FSV opened at $171.48 on Wednesday. The company has a market cap of $7.79 billion, a P/E ratio of 57.74 and a beta of 1.12. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The firm’s fifty day moving average is $175.53 and its two-hundred day moving average is $181.62.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.64%. The ex-dividend date is Monday, March 31st. This is a positive change from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio is presently 37.04%.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.